India continues to see chaos at its banks and ATM machines, three days after the Prime Minister demonetized the country's 500 ($7) amd 1,000 ($15) rupee notes as part of anti-corruption measures, said a report.
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Business activity in Egypt shrank for the 11th consecutive month in August as data for output, new orders, and employment deteriorated, with purchase prices rising sharply amid a hard currency shortage, a survey on Monday found.
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Business activity in Egypt shrank for the 11th consecutive month in August as data for output, new orders, and employment deteriorated, with purchase prices rising sharply amid a hard currency shortage, a survey on Monday found.
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Gulf oil exporters must cut spending and narrow their budget shortfalls to keep their currencies pegged to the dollar, the International Monetary Fund said.
While substantial foreign assets have allowed the six members of the GCC

Morocco is aiming to introduce a flexible currency exchange system in the early part of 2017, its central bank governor said on Sunday.
"We are considering the move currently from fixed exchange rate to a flexible exchange ra

The governor of the United Arab Emirates central bank said on Sunday that he doesn't believe there is any pressure on the country's currency and that any volatility seen in the forwards market has been limited.
Mubarak Ras

Commodity currencies like the Australian and New Zealand dollars soared to 10-month highs against the US dollar, drawing support from oil prices which stabilised from a slide and underpinned broad risk sentiment in global markets.

Commodity currencies like the Australian and New Zealand dollars soared to 10-month highs against the US dollar, drawing support from oil prices which stabilised from a slide and underpinned broad risk sentiment in global markets.

Suez Cement, which is 55 per cent owned by Italian firm Italicementi, is struggling to transfer shareholder profits out of Egypt because of a foreign currency crisis, the Egyptian firm said on Monday.
Egypt has been struggling to